Ningbo Cixing Co.,Ltd.’s Net Profit Rose 49.2% in First Half of 2023

Ningbo Cixing Co.,Ltd. (宁波慈星股份有限公司) (300307.SZ) reported a net profit of 101.9 million yuan in the first half of 2023, up 49.2% year-on-year.

Meanwhile, the company posted 1.3 billion yuan in revenue, up 14.2% year-on-year.

At the end of the reporting period, it had 4.6 billion yuan in total assets and 1.8 billion yuan in total liabilities, with a liability-to-asset ratio of 38.8%.